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Military Expenditure, Export, FDI and Economic Performance in Cameroon

Author

Listed:
  • Pacific K. T. Yapatake

    (Zhejiang University, Hangzhou, China)

  • Shan J. Li

    (Zhejiang University, Hangzhou, China.)

  • Ramadhan A. Abeid

    (Wuhan, China)

Abstract

To investigate for the possible relationship among military expenditure, exports and foreign direct investment (FDI) on economic growth in Cameroon covering the period of 1996–2014, the vector Autoregression (VAR) model was employed. The results show that military expenditure and the exports are significant at 0.0000 and 0.01 per cent, respectively, and have a positive relationship with gross domestic product growth and the FDI is not significant but has a positive relationship with the economic growth in short run. However, many efforts should be directed towards energy production and infrastructure developments in order to benefit plenty for FDI in the long run for economic sustainability.

Suggested Citation

  • Pacific K. T. Yapatake & Shan J. Li & Ramadhan A. Abeid, 2017. "Military Expenditure, Export, FDI and Economic Performance in Cameroon," CEREDEC Working Papers 17/002, Centre de Recherche pour le Développement Economique (CEREDEC).
    • Handle: RePEc:aby:wpaper:17/002
    as

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    File URL: http://publications.ceredec.org/RePEc/aby/aby-wpaper/Military-Expenditure-Export-FDI-and-Economic-Performance-in-Cameroon.pdf
    File Function: Revised version, 2017
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    References listed on IDEAS

    as
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    5. Joshua Aizenman & Reuven Glick, 2006. "Military expenditure, threats, and growth," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(2), pages 129-155.
    6. Mostefa BELMOKADDEM & Yassine Zakaria GHOUALI & Mohammed Seghir GUELLIL & Mohammed Abbes SAHRAOUI, 2014. "Causal Interactions Between Fdi, Electricity Consumption And Economic Growth: Evidence From Dynamic Panel Co-Integration Models," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 3(2), pages 1-30, DECEMBER.
    7. Pegkas, Panagiotis, 2015. "The impact of FDI on economic growth in Eurozone countries," The Journal of Economic Asymmetries, Elsevier, vol. 12(2), pages 124-132.
    8. repec:hal:pseose:hal-00649282 is not listed on IDEAS
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    Cited by:

    1. Sayef Bakari & Mohamed Mabrouki & Asma Elmakki, 2018. "The Nexus Between Industrial Exports And Economic Growth In Tunisia: Empirical Analysis," Journal of Smart Economic Growth, , vol. 3(2), pages 31-53, December.
    2. Sayef Bakari & Mohamed Mabrouki, 2017. "The Effect Of Agricultural Exports On Economic Growth In South-Eastern Europe: An Empirical Investigation Using Panel Data," Journal of Smart Economic Growth, , vol. 2(4), pages 49-64, December.
    3. Bakari, Sayef, . "The Impact Of Citrus Exports On Economic Growth: Empirical Analysis From Tunisia," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 6(01).
    4. Khalid Zaman, 2019. "Does higher military spending affect business regulatory and growth specific measures? Evidence from the group of seven (G-7) countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(1), pages 323-348, April.

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    More about this item

    Keywords

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    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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